10-year roadmap for clean energy needed to boost innovation: Amitabh Kant

NITI Aayog CEO Amitabh Kant on Monday stressed on the need for a clear ten-year road map to boost clean energy technologies and creating standards for innovations.

"Much of the investment, much of the decision making, much of what happens in India happens in states and therefore we need to make states easy and simple," Amitabh Kant, Chief Executive, NITI Aayog
Press Trust of India New Delhi
2 min read Last Updated : Oct 26 2020 | 10:03 PM IST

NITI Aayog CEO Amitabh Kant on Monday stressed on the need for a clear ten-year road map to boost clean energy technologies and creating standards for innovations.

Kant also called hydrogen as fuel of the future especially for commercial vehicles which can ensure efficiency in movement across the country.

Speaking at the India Energy Forum by CERAWeek, Kant said, "We should provide 10-year roadmap on where we want to be in clean (energy) technology. We should provide policy clarity to innovation stakeholders because a lot of innovation will keep happening as we go along."

Developing countries like India need to create standards for new technologies which sometimes become a hurdle for Indian entrepreneurs to disrupt the global market with local innovation, Kant said.

India should focus on strengthening standards and certification infrastructure, he added.

Kant also showcased India's ambitious target of having 450GW of renewable energy by 2030 at the international forum.

About the role of traditional energy, he said, "Our belief is that hydrogen is an area where traditional energy companies can be a game changers given the similarities in the engineering needs of oil and gas and hydrogen processing technology."

Traditional or conventional energy companies are looking at hydrogen and biofuels these days.

"This is an opportunity for them. My belief is that hydrogen is going to be future particularly for movement of commercial vehicles. Hydrogen will bring in efficiency in movement from city to city," Kant said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :Amitabh Kant

First Published: Oct 26 2020 | 9:58 PM IST

Next Story